S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Payment to non-Resident-Mangement and consultancy fees-Change of opinion-Query raised in the course of assessment proceedings-No power to review the order-Reassessment notice and order disposing the objection is quashed. [S. 40(a)(i), 147, 148A(b).148A(d), 195, Art. 226]

S. 148 : Reassessment-Notice-Amalgamation-Succession to business-Notice in the name of non-existing entity-Assessing Officer was informed-Notice and order disposing the objection is quashed. [S. 147, 170, Art. 226]

S. 148 : Reassessment-Notice on dead person-Order is quashed and set aside.[S. 147, 159, 292B, Art. 226]

S. 147 : Reassessment-Capital work-in-progress-Change of opinion-Audit objection-No fresh tangible material-Order of Tribunal is affirmed.[S.143(3) 148 260A]

S. 147 : Reassessment-Capital work-in-progress-Change of opinion-Audit objection-No fresh tangible material-Order of Tribunal is affirmed.[S.143(3) 148 260A]

S. 147 : Reassessment-With in four years-Special economic zones-Explanation was furnished in the course of assessment proceedings-Notice and order disposing the objection is quashed.[S.10AA, 148, Art. 226]

S. 147 : Reassessment-With in four years-Unexplained investments-Failure to provide alleged SEBI Investigation report-Syncom Formulations Limited-Long term gains-Assessment order is set aside-Remanded back to Jurisdictional Assessing Officer (JAO) with a direction to make available to assessee a copy of report of SEBI relied upon in reasons to believe for re-opening of assessment. [S. 10(38) 69, 144B, 148, Art. 226]

S. 147 : Reassessment-With in four years-Interest on borrowed capital-Advance of amount to sister concern and associate concerns without charging interests-Commercial expediency-Notice and order disposing the objection is quashed and set aside. [S. 36(1)(iii), 148, Art. 226]

S. 147 : Reassessment-With in four years-Depreciation-Goodwill-Query raised and reply was filed-Issue was considered in the course of assessment proceedings-Audit-Even if it is an error that the Assessing Officer discovered, still the error discovered on a reconsideration of the same material does not give him power to reopen the assessment-Change of opinion-Reassessment notice and order disposing the objection is quashed. [S. 32, 148, Art. 226]

S. 147 : Reassessment-After the expiry of four years-Capital gains-Full value of consideration-Stamp valuation-Capital gains were calculated by assessee by taking circle-rate-Provisions of section 50C is not applicable-No reason between material and revenue’s belief on income escapement-Reassessment notice and order disposing the objection is quashed. [S. 45, 50C,54EC 148, Art. 226]